RESEARCH FOUNDATION OF CUNY



Health InsuranceBenefitsThe option of several HMOs, PPO’s, and POS’s is provided through the City of New York. See the “Summary ProgramDescription” booklet at HYPERLINK "" \h . Additional information and rates are available online at . (Click on “Health Benefits Program” on the left-hand side menu.) If appointment is expected to last at least six months, effective dates for health insurance benefits are as follows:Employment Status Benefit Effective DatePermanent / Probable Permanent Date of hire (if paperwork received within 31 days of hire)Provisional / Temporary 91st day from the date of hire (if paperwork is submitted in that timeframe)Welfare Fund BenefitsProvided through the PSC-CUNY Welfare Fund. Effective dates for Welfare Fund benefits are as follows:Employment Status Benefit Effective DatePermanent / Probable Permanent91st day from the date of hire (if paperwork received within 31 days of hire) Provisional / Temporary91st day from the date of hire (if paperwork is submitted in that timeframe)Detailed information on all Welfare Fund benefits is available online at . Some basic benefits include:? Dental - Employees have a choice between Guardian Dental (PPO) and DeltaCare USA (DMO).Participation inDeltaCare USA requires an additional enrollment form.? Prescription Drugs - Provided by Express Scripts PICA – Diabetes Related, Injectable and Chemotherapy drugs.? Vision - Davis Vision (pre-authorization required through PSC-CUNY Welfare Fund), or direct reimbursement.Retirement BenefitsProbable permanent and permanent employees are required to join either the New York City Employees’ Retirement System(NYCERS) or TIAA-CREF, while provisional and temporary employees have the option to join either pension plan. Those who do not enroll in a plan will be required to be forced in to NYCERS. Vesting is provided after 366 days of employment (with TIAA- CREF) or after 10 years of credited service (with NYCERS). Go to for detailed information on NYCERS or to for detailed information on TIAA-CREF.Tax-Deferred Annuity(TDA) 403(b) PlansTIAA-CREF Group Supplemental Retirement Annuity (GSRA) New York State Deferred Compensation 457(b) PlanThe NYSDCP 457(b) Plan is a voluntary, supplemental retirement savings plan offered by New York State.Go to for more information. Employees have two options:? Tax-Deferred Contributions - not subject to current federal or New York State income taxes; contributions and any earnings grow tax deferred; withdrawals will be taxed as ordinary income when you may be in a lower tax bracket (generally at retirement).? Roth After-Tax Contributions – contributions are made after tax so withdrawals are tax free (as long as you're at least age59? and do not take withdrawals from your Roth account for at least five years after your first Roth contribution is made tothe plan).Flexible SpendingAccounts (FSA) ProgramIf eligible for Health Insurance Benefits, employee is eligible for the Dependent Care Assistance Program (DeCAP), Health CareFlexible Spending Accounts Program (HCFSA), Medical Spending Conversion (MSC) Buy-Out Waiver Program, and Medical Spending Conversion (MSC) Premium Conversion Program as long as paperwork is received within 31 days. Go to fsa for detailed information and enrollment forms.Tuition Fee WaiverEmployees are eligible to receive a tuition waiver for their own study at a CUNY school subject to certain limitations:Service Requirement Course Type & Credit Limit1 yearUndergraduate – no limitNoneGraduate – 6 creditsTuition waivers are not available during the winter or summer sessions.Voluntary Benefits? Deer Oaks– CUNY Work/Life Program (Employee Assistance Program)? CUNY e-MALL (discounts for CUNY employees)? McGraw Hill Federal Credit Union – Savings and Checking accounts and many other financial services? Municipal Credit Union – Savings and Checking accounts and many other financial services? New York’s 529 College Savings Program – Visit for more information? Transit Benefit Program through WageWorks – Visit for more informationTime & LeaveTime and Leave for Classified Managerial Employees: ................
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